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Sears, which invented the strategy of selling everything anyone with a mailing address long before Amazon, has been mortally wounded by its spiritual successor. After nearly a decade of struggle, the US retailer announced that it has filed for bankruptcy. It entered voluntary Chapter 11 proceedings and plans to close as many as 150 stores […]
Hollis Johnson/Business Insider Applebee’s parent company, Dine Brands, and its second-largest franchisee, RMH Holdings, are battling in court, with Dine Brands attempting to take control of dozens of the franchisee’s restaurants. RMH controls more than 140 Applebee’s locations and filed for bankruptcy in May, blaming Dine Brands’ “ill-advised and value-destroying” decisions for struggling sales and […]
Facebook.com/FallasStores National Stores, parent company of discount-store chains Fallas, Conway’s, and Factory 2-U, filed for Chapter 11 bankruptcy protection on Monday. It plans to close 74 of its 344 stores. Its stores currently employ more than 9,800 people in 22 US states and Puerto Rico. Store closing sales will begin on Thursday. National Stores Inc, which […]
Home retail chain Brookstone has filed for bankruptcy for the second time since 2014 after more than four decades of business. Barring 35 airport locations, all of its US outlets will be shut down. For many, Brookstone’s exit from the shopping scene may be as bittersweet as when The Sharper Image closed its doors in […]
Enlarge / A view of 597 5th Ave, where the New York City office of Cambridge Analytica is on the 7th floor, May 2, 2018 in New York City. (credit: Drew Angerer/Getty Images) Cambridge Analytica LLC, the American arm of the London-based data analytics firm of the same name, filed for bankruptcy in federal court […]
Enlarge / A Gibson Les Paul Standard with a “desertburst” finish from 2006. (credit: Freebird / Flickr via Creative Commons) Other than the Fender Stratocaster, there are few electric guitars more steeped in blues and rock history than the Les Paul. It has famously been played by Eric Clapton, Jimmy Page, and Pete Townshend, among […]
Elon Musk’s joke about Tesla’s bankruptcy on April Fool’s Day appears to be coming to fruition. March was the worst month for the company in seven years, as Tesla’s shares plunged 22 percent in 31 days. Tesla Goes BankruptPalo Alto, California, April 1, 2018 — Despite intense efforts to raise money, including a last-ditch mass […]
Enlarge / SHIPPINGPORT, PENNSYLVANIA – OCTOBER 27: A view of the inactive cooling towers at FirstEnergy Corporation’s Bruce Mansfield coal-fired power plant October 27, 2017 in Shippingport, Pennsylvania. (Photo by Robert Nickelsberg/Getty Images) (credit: Getty Images) On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. Although coal and […]
Facebook/Winn-Dixie Ninety-four Winn-Dixie, Harveys, and Bi-Lo locations are closing in the Southeast as the regional grocery chains’ parent company files for bankruptcy. Southeastern Grocers filed for bankruptcy on Tuesday. We have the full list of grocery stores that will close. Almost 100 Winn-Dixie, Harveys, and Bi-Lo locations are closing in the Southeast as the regional […]
After a $ 500 million deal for an investor group to acquire the embattled film company fell through, The Weinstein Company has filed for bankruptcy. In the process, The Weinstein Company is canceling its non-disclosure agreements. That means that many women seeking to come forward against disgraced former executive Harvey Weinstein now have freedom to speak. […]
